Cemex makes progress with non-strategic assets sale plan

In an interview, the CEO of Mexican cement company Cemex, Fernando Gonzalez explained that he would have more clarity about the non-strategic assets Cemex will sell in the second quarter of 2015. It is reported that the company is making progress with the analysis of these assets and has identified around US$100 million (€91.88 million) worth of them that could be sold to reduce debts. Cemex intends to de-invest raising between US$1 billion and US$1.5 billion which should compensate any potential impact fro
Quarry Products / March 30, 2015

RSSIn an interview, the CEO of Mexican cement company 643 Cemex, Fernando Gonzalez explained that he would have more clarity about the non-strategic assets Cemex will sell in the second quarter of 2015.

It is reported that the company is making progress with the analysis of these assets and has identified around US$100 million (€91.88 million) worth of them that could be sold to reduce debts.

Cemex intends to de-invest raising between US$1 billion and US$1.5 billion which should compensate any potential impact from currency exchange volatility speeding up the recovery of its investment grade, says the report.

The sale will involve around US$300 million worth of non-strategic assets which may include part of its operations in northern Europe, Asia and the Mediterranean.

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